BEML Long tradeWe will not initiate this as a touch trade.. but a price action entry, which i will updat once we ge t this entry... and if we dont get entry , we have an awesome level below too...
Lets see what happens
BEML
BEML- Good Buy for 995 and 1040BEML is Near to Monthly Imp support and 200EMA on Daily Chart>Expecting Good Upside Move till 1000-1030
BEML HNS breakoutBEML Inverted HNS pattern breakout
positional buy near 980 with sl of 944
target 1109- 1205
INVERSE H&S IN BEMLBEML has just broken its neckline and also breaking out of the upper band of the BAND-BOLLINGER
we can expect a price target of 1290 on the stock with the current formation.!! stop loss below the neckline.
Big falling wedge and confirmed breakoutYou can long Beml with green lines as near term targets.
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All the best!
Keep a watch on BEML for short reversalAs can be seen the price has reached previous resistance turned into support. The stock can show a reversal from here as seen in an uptick in AD line whilst the price is moving down. there is no positive divergence with Nifty 50 and performing worst as index has moved sideways the stock has moved down further.
The stock can be bought for short reversal till it touches the kijun sen. To change the sentiment to medium - longterm investment it should conclusively trade above the Kijun.
Happy trading / investing
Regards
Shamoil
Sell BEML below 1085Sell BEML below 1085
Stock is taking resistance at 50 EMA.
SL : 1135
Target: 1035
R:R ratio : 1:1
BEML: Consolidation and BreakoutStock is setting up well. Minor trendline break has happened. There are early signs of outperformance Vs Nifty. Keep an eye on this one !!
